Voting Collection

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Chapter 007 The First Pot of Gold

Under the hot scorching voice, Zhou Nan rode a bicycle straight to the business office of Haidu Securities at the intersection of Jianshe Road. Although the domestic stock market in 96 has just started for a few years, the people who speculate in stocks are very hot. The so-called going to the sea to do business and entering the market to speculate in stocks became the two most fashionable things in society at that time.

1996 is of great significance in the development history of China's emerging securities market in just six years. In 1996, inflation disappeared and bank rates were lowered; Beginning in March, the stock market out of a [***] upward trend, the whole year basically out of the unilateral upward trend, the management of the "twelve gold medals" failed to pull the mad cow, until the end of the year gushing tired, the rally came to an end, the market appeared two consecutive down limit, investors re-tended to be rational.

This year, the biggest hot news in major media is stock market reports, and various stock reviews and expert comments are flooded with media pages. 1996: Bull Market! Bull market! - Similar headlines are often reported.

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The retail investors in the business hall are crowded, all looking up at the large-cap stock quotation system that sometimes turns red and sometimes turns green, and the voices are noisy. Zhou Nan crowded in the crowd, watched for a while, and found the target he wanted to pay attention to this time: Hai Minyuan, stock code 0518.

Zhou Nan didn't know if this was an intentional arrangement by the god of fate, maybe this was some kind of compensation for the misfortune he suffered in his previous life. After a moment of rebirth, after confirming the time of rebirth, he knew clearly and ecstatically that God had given him a great gift. And this may be the first pot of gold in his life to turn over and start again.

In June 1996, this point in time involved the most serious securities fraud case since the establishment of the securities market, which later shocked the whole country.

In July 1988, Haidu Minyuan Modern Agricultural Development Co., Ltd. was registered and established in Haidu. In September 1992, it raised 30 million shares of corporate shares in the national securities trading automatic quotation (STAQ) system, with a paid-in share capital of 30 million yuan. On April 30, 1993, it was listed in Shenzhen in the name of Haiminyuan A shares (stock code: 0518), becoming one of the five non-local enterprises listed in Shenzhen at that time. In the annual report published in 1995, "Haiminyuan" earnings per share were less than 0.001 yuan, and the annual report was announced (April 30, 1996) that its stock price was only 3.65 yuan.

However, since July 1, 1996, the share price of "Hai Minyuan" has started from 4.45 yuan, and in just a few months, the stock price has soared to 20 yuan, which has increased several times. After being carefully played by some invisible hands, "Hai Minyuan" became a big dark horse that created the myth of the stock market in 1996.

After some careful packaging, on January 22 and February 1, 1997, Hai Minyuan published an annual report and supplementary announcement in the Securities Times, stating that the company achieved a profit of more than 570 million yuan in 1996 and an increase of 657 million yuan in capital reserve this year. The annual report shows that the earnings per share are 0.867 yuan, the net profit is 1290.68 times higher than last year, and the distribution plan is 98,000 shares for every 10 shares. As soon as the annual report was announced, the share price of "Haiminyuan" soared to 26.18 yuan.

From 2.08 yuan on April 1, 1996 to 26.18 yuan in January 1997, an increase of 16 times in less than a year!

Subsequently, however, on March 1, 1997, a joint investigation team composed of the China Securities Regulatory Commission and other departments found that "Hai Minyuan" had falsified its annual report, fictitious profits of 540 million yuan, and inflated capital reserves by 657 million yuan. Among them, 540 million yuan of fictitious profits were fabricated by the company through invalid contracts such as cooperative housing construction and transfer of rights and interests signed with affiliated companies and others without the approval of relevant state departments without obtaining land use rights; The capital reserve of 657 million yuan was fabricated from the asset appraisal of the four investment projects without obtaining the land use right and without the approval and confirmation of the project by the relevant state departments.

Hai Minyuan was delisted for rectification, relevant executives were brought to justice, and a sensational stock market dark horse was like a flash in the pan and soon faded out of the field of vision of shareholders. But the time difference of half a year is enough for Zhou Nan.

This is, of course, a speculation. But in a sense, life is originally a kind of speculation, but some people seize the opportunity, and some people do not seize the opportunity, and let the opportunity slip away from them in vain. This is a great opportunity to change the economic destiny of himself and his entire family, and Zhou Nan will never give it up.

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After watching the stock market for a while, Zhou Nan was ready to leave. Before leaving, I met an acquaintance at the door. The wife of Xue Yuanyang, deputy secretary general of Haidu Municipal Axe, and Lin Xia, deputy director of the Haidu District Agricultural Committee of Haidu City. Cadre at the deputy section level. Zhou Nan and Lin Xia's son Xue Bao are also high school classmates and live in the same community.

"Aunt Lin." After walking to the opposite side, Zhou Nan had to greet Lin Xia with a smile.

To be honest, Zhou Nan is a relatively famous and popular child in the family home of the Haidu Municipal Axe Agency. The reason is very simple, because his surname is calm, his academic performance is excellent, and he was admitted to the top college in Jinghua University, the highest university, Guanghua School of Economics and Management. When educating their children, many families in the agency take Zhou Nan as an example and benchmark, and often say: Look at the Zhou Nan of the Zhou family, although his father has no ability, this son is really promising!

"Yo, it's Zhou Nan. What are you doing in the stock market? Lin Xia was surprised at first, then smiled gently, and affectionately reached out to pat Zhou Nan's shoulder.

"Auntie, I just came back from graduation and came to the stock market to have a look, ready to speculate in stocks." Zhou Nan's words were originally said in passing, and it was not a shameful thing to speculate in stocks, but as soon as these words came out, his heart suddenly flashed, and he had some kind of secret thoughts.

"You want to trade stocks? Hehe......" Lin Xia laughed, "You are a child, just graduated from college, will you trade stocks?" You have to be cautious, it's not easy for your parents to save two dollars, don't lose them all. ”

"Aunt Lin, stock trading is not a profound technical job, there are many stock trading masters among our classmates, as well as professors and teachers from the college, they are all trading stocks, and I also follow the learning, which can be regarded as applying what I have learned." Zhou Nan deliberately said indifferently.

Lin Xia sighed and laughed, "Auntie forgot, you are a top student studying economics...... The top students from Guanghua College of Jinghua University are not bad...... By the way, Zhou Nan, what stocks do you like, communicate with your aunt, and your aunt sometimes comes to the stock market to play. ”

Zhou Nan hesitated slightly, and said softly, "Auntie, I think these stocks will skyrocket recently, such as Haidu Hi-Tech." I've been paying attention to this stock for a long time, and judging by both the technical and fundamental aspects, it has at least a 90% chance of skyrocketing recently...... If Auntie is interested, you may wish to pay attention to this ticket. ”

Lin Xia originally just said something casually, but Zhou Nan stood at the door patiently and talked to Lin Xia about some professional terms for stock trading. Lin Xia is a first-generation shareholder, and she immediately discovered that Zhou Nannan is not a layman, and he is also very proficient in stock speculation and price movements.

What is the bullish candle and what is the buying point selling point, what sells high and sucks the low absorption band works, what support is located at the resistance level, what is the descending channel and the ascending channel...... Of course, Zhou Nan came to these common sense and principles of stock speculation, and after a "flicker", Lin Xia had completely regarded him as a master of stock speculation, and admired him. So much so that in the end, Zhou Nan wanted to leave, Lin Xia didn't let her live or die, so she dragged Zhou Nan to the big room on the third floor of the securities company, and asked Zhou Nan to carefully judge and analyze the few stocks she currently holds in her own position.

Lin Xia even sold all the slightly profitable stocks she held on the spot at Zhou Nan's suggestion, and then bought the "Haidu Hi-Tech" mentioned by Zhou Nan in batches.

Coincidentally, not long after Lin Xia bought it, Haidu Hi-Tech began to rise, and in less than half an hour, it went up by nearly 5 cents. Lin Xia was overjoyed and cheered excitedly in the big room.

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